2404, The Residences at Marina Gate 1
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2404, The Residences at Marina Gate 1
What is 2404 worth today?
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Source: Dubai Land Department. Updated 25 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,253 sqft
- Floor
- 24th of 50
- Parking
- P3-010
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 21,800 /yr
- Last sold
- AED 2.95M · August 2023
- Building
- The Residences at Marina Gate 1
About 2404, The Residences at Marina Gate 1
2404 is a two-bedroom apartment of 1,253 sqft on the 24th floor of The Residences at Marina Gate 1, a 50-storey tower in Dubai Marina completed in 2018 by Select Global Development. It last sold on 25 August 2023 for AED 2,950,000, or AED 2,354 per sqft, 4% above the AED 2,270 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 August 2022, is AED 175,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 21,800 a year.
Sales and rents for 2404 over time
2404 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences at Marina Gate 1, and where 2404 sits
All 160 2-beds →2404 last sold in August 2023 at AED 2,354 per sqft, 4% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 2,270). Over the last 12 months two-beds sold for AED 2,875,000 to 3,750,000, around AED 2,428 per sqft, and rent for AED 80,000 to 290,000 a year. 2404's AED 175,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 1,268 sqft | 2,990,000 | 2,358 | ||
| 2 Sep 20262 September 2026 | 1,325 sqft | 3,500,000 | 2,641 | ||
| 12 May 202612 May 2026 | 1,256 sqft | 3,750,000 | 2,984 | ||
| 27 Feb 202627 February 2026 | 1,396 sqft | 3,390,000 | 2,428 |
The Residences at Marina Gate 1
Building389 apartments, studios to 5-bed over 50 floors in Dubai Marina, completed in 2018 by Select Global Development. 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,799 Up 1.9%
- Typical sale
- AED 3.75M
- Typical rent
- AED 160K /yr
- Typical yield
- 5.0%
Other units on the 24th floor
All 389 units in The Residences at Marina Gate 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,993 sqft | AED 5.95MAED 5,950,000 · Jun 2023June 2023 | 190,000 /yr | |
| 2402 | 3-bed | 1,822 sqft | AED 3.85MAED 3,850,000 · Jun 2021June 2021 | 330,000 /yr | |
| 2403 | 3-bed | 1,994 sqft | AED 4.11MAED 4,110,800 · Sep 2014September 2014 | 230,000 /yr | |
| 2405 | 2-bed | 1,388 sqft | AED 2.08MAED 2,079,000 · Aug 2019August 2019 | 165,000 /yr | |
| 2406 | 1-bed | 690 sqft | AED 1.41MAED 1,405,000 · Aug 2015August 2015 | 90,000 /yr | |
| 2407 | 1-bed | 690 sqft | AED 1.2MAED 1,200,000 · Nov 2018November 2018 | 120,000 /yr | |
| 2408 | 2-bed | 1,388 sqft | AED 2.59MAED 2,591,000 · Nov 2017November 2017 | ||
| 2409 | 2-bed | 1,256 sqft | AED 3.75MAED 3,750,000 · May 2026May 2026 | 180,000 /yr |
2404, The Residences at Marina Gate 1 in numbers
- Sold twice: first on 6 February 2018 for AED 2,195,000, last on 25 August 2023 for AED 2,950,000 (AED 2,354 per sqft).
- Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 155,000 to AED 135,000 in 2020 and recovered to AED 175,000 by August 2022.
- At AED 175,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 21,800 a year (AED 17.37 per sqft).
- Two-beds in The Residences at Marina Gate 1 sold for AED 2,875,000–3,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,799 per sqft.
Source: Dubai Land Department. Updated 25 August 2023.
Questions about 2404, The Residences at Marina Gate 1
What did unit 2404 last sell for?
AED 2,950,000 on 25 August 2023: AED 2,354 per sqft for 1,253 sqft. The unit has 2 registered sales; the first was AED 2,195,000 in February 2018.
What is the rent for unit 2404?
AED 175,000 a year on the contract signed on 1 August 2022. The previous contract, from August 2021, was AED 175,000; the unit has been rented since November 2018.
How big is unit 2404?
1,253 sqft (116.4 sqm): a two-bedroom apartment on the 24th floor of a 50-storey tower completed in 2018.
What is unit 2404 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences at Marina Gate 1 sold for AED 2,875,000 to 3,750,000 in the last 12 months, around AED 2,428 per sqft.
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Mortgage on 2404, The Residences at Marina Gate 1
Starts from the last sale price (AED 2.95M, 25 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →